Another Day, Another Fiscal Year End

Congratulations to all the nonprofits whose fiscal year ended on June 30th! While we may not celebrate like we do for those whose year end is December 31 it is still a time to make resolutions, make plans and start the new fiscal year off right.

For your own ’10/’11 resolutions list might I suggest getting ready for your very own form 990? The due date for us June 30 year enders is November 15 (four months and 15 days after the end of our fiscal years) and while we can file for two three month extensions, why wait? Plan now to have your form in on time and be done with it. The IRS does want to hear from us and this article from Guidestar gives us the latest info on current dues dates and such so do check it out.

Do you have a set of resolutions for the new fiscal year? If so let us know. I’ll leave off with a question for any readers out there: Do you think there will be as big a frenzy over 990 due dates as there was for the May 15 (17) dues dates? I’m guessing not as it will be old news, but I’ll make sure to remind folks anyway.

UPDATE – the Nonprofit Quarterly has a nice run down of what will be happening to the almost 200,000 nonprofits who did not file their returns.

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2 comments

  1. Danie says:

    I’ve got sort of a silly question…I’ve searched the web and the closest info I could find was on your site. [which I've bookmarked and will come back to often!]

    We are in the midst of starting a new NPO [incorporated in May] and could use advice on setting the fiscal year. Is it better to end it Dec 31, June 30 or Sept 30? -the same as the Fed.

    Thanks for your input!

    • Alan says:

      I was hoping others would chime in but my advice is do what makes the most sense for your organization. If you only will be doing a lot of federal funds stuff then Sept. 30 could work. But your employee based reporting is all on a calendar year and I know groups that want to keep it all the same. If your big annual fundraiser will always be in late June then a June 30 year end might not be such a good idea.

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